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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN EXPRESS CO COM 025816109   441,914,917 1,629,480 SH   SOLE   1,629,480 0 0
AMGEN INC COM 031162100   377,909,107 1,172,866 SH   SOLE   1,172,866 0 0
APA CORPORATION COM 03743Q108   236,465,877 9,667,452 SH   SOLE   9,667,452 0 0
BANK AMERICA CORP COM 060505104   314,871,265 7,935,264 SH   SOLE   7,935,264 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   97,562,173 211,972 SH   SOLE   211,972 0 0
CENOVUS ENERGY INC COM 15135U109   257,830,882 15,416,146 SH   SOLE   15,416,146 0 0
CONOCOPHILLIPS COM 20825C104   231,287,973 2,196,884 SH   SOLE   2,196,884 0 0
CREDIT ACCEP CORP MICH COM 225310101   92,155,026 207,828 SH   SOLE   207,828 0 0
D R HORTON INC COM 23331A109   480,105,789 2,516,673 SH   SOLE   2,516,673 0 0
DEVON ENERGY CORP NEW COM 25179M103   230,006,657 5,879,516 SH   SOLE   5,879,516 0 0
EBAY INC. COM 278642103   242,584,205 3,725,760 SH   SOLE   3,725,760 0 0
FIFTH THIRD BANCORP COM 316773100   95,278,187 2,224,047 SH   SOLE   2,224,047 0 0
FRONTLINE PLC COM M46528101   15,187,740 670,581 SH   SOLE   670,581 0 0
HOME DEPOT INC COM 437076102   209,165,891 516,204 SH   SOLE   516,204 0 0
JPMORGAN CHASE & CO. COM 46625H100   297,211,561 1,409,521 SH   SOLE   1,409,521 0 0
LENNAR CORP CL A 526057104   499,991,373 2,666,905 SH   SOLE   2,666,905 0 0
M & T BK CORP COM 55261F104   87,958,693 493,817 SH   SOLE   493,817 0 0
MACERICH CO COM 554382101   372,706,115 20,433,449 SH   SOLE   20,433,449 0 0
MERCK & CO INC COM 58933Y105   383,886,064 3,380,469 SH   SOLE   3,380,469 0 0
NVR INC COM 62944T105   355,365,253 36,218 SH   SOLE   36,218 0 0
OCCIDENTAL PETE CORP *W EXP 08/03/202 674599162   4,483,559 150,860 SH   SOLE   150,860 0 0
OCCIDENTAL PETE CORP COM 674599105   345,353,937 6,700,697 SH   SOLE   6,700,697 0 0
OVINTIV INC COM 69047Q102   241,475,716 6,303,203 SH   SOLE   6,303,203 0 0
QUALCOMM INC COM 747525103   116,910,544 687,507 SH   SOLE   687,507 0 0
SIMON PPTY GROUP INC NEW COM 828806109   442,892,386 2,620,355 SH   SOLE   2,620,355 0 0
TARGET CORP COM 87612E106   193,878,637 1,243,928 SH   SOLE   1,243,928 0 0
U HAUL HOLDING COMPANY COM 023586100   42,089,727 543,233 SH   SOLE   543,233 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   175,087,503 2,431,771 SH   SOLE   2,431,771 0 0
WEST FRASER TIMBER CO LTD COM 952845105   11,506,907 118,108 SH   SOLE   118,108 0 0
WESTERN ALLIANCE BANCORP COM 957638109   116,778,331 1,350,195 SH   SOLE   1,350,195 0 0